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Bath & Body Works (NYSE:BBWI – Get Free Report) updated its FY25 earnings guidance on Tuesday. The company provided EPS guidance of $3.05 and $3.35 for the period, compared to the consensus EPS estimate of $3.31. The company issued revenue guidance of flat to down 2.5% to ~$7.24-7.43 billion, compared to the consensus revenue estimate of $7.41 billion. Bath & Body Works also updated its FY 2024 guidance to 3.050-3.350 EPS.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on the company. Piper Sandler increased their price target on Bath & Body Works from $44.00 to $45.00 and gave the stock a neutral rating in a research report on Tuesday, April 9th. Wells Fargo & Company increased their price objective on Bath & Body Works from $42.00 to $48.00 and gave the company an equal weight rating in a research report on Wednesday, April 24th. The Goldman Sachs Group increased their price objective on Bath & Body Works from $49.00 to $56.00 and gave the company a buy rating in a research report on Monday, March 4th. Deutsche Bank Aktiengesellschaft increased their price objective on Bath & Body Works from $53.00 to $57.00 in a research report on Monday. Finally, JPMorgan Chase & Co. upgraded Bath & Body Works from an underweight rating to a neutral rating and increased their price objective for the company from $40.00 to $53.00 in a research report on Friday, May 17th. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of Hold and an average price target of $48.20.
Get Our Latest Research Report on BBWI
Bath & Body Works Stock Down 12.6 %
NYSE:BBWI opened at $45.28 on Wednesday. Bath & Body Works has a 12-month low of $27.30 and a 12-month high of $52.99. The firm has a market capitalization of $10.13 billion, a P/E ratio of 11.76, a P/E/G ratio of 1.66 and a beta of 1.90. The stock’s fifty day simple moving average is $47.22 and its 200-day simple moving average is $44.03.
Bath & Body Works Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, June 7th will be given a $0.20 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $0.80 annualized dividend and a dividend yield of 1.77%. Bath & Body Works’s dividend payout ratio is currently 20.78%.
Insider Transactions at Bath & Body Works
In other news, insider Thomas E. Mazurek sold 4,285 shares of the firm’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $48.89, for a total value of $209,493.65. Following the transaction, the insider now directly owns 45,992 shares in the company, valued at approximately $2,248,548.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.27% of the stock is owned by corporate insiders.
About Bath & Body Works
Bath & Body Works, Inc operates a specialty retailer of home fragrance, body care, and soaps and sanitizer products. It sells its products under the Bath & Body Works, White Barn, and other brand names through retail stores and e-commerce sites located in the United States and Canada, as well as through international stores operated by partners under franchise, license, and wholesale arrangements.
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ABMN Staff
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